ASX 200 Closed Higher By 1.08%; Buoyed By Energy And Consumer Discretionary
By the end of the trading session on 27 May 2022, the benchmark index S&P/ASX 200 ended higher by 1.08% and settled at 7182.70. 10 out of 11 sectors closed higher along with the ASX 200. The Energy and Consumer Discretionary sectors were the top 2 gaining sectors, gained 2.26% and 2.04% in their index value. On the other hand, the Consumer Staples was the only losing sectors, declined 0.020% in its index value.
S&P/ASX 200 was mainly lifted by the Energy and Consumer Discretionary sectors. The consumer Discretionary sector jumped 2.04% after the Australian Bureau of Statistics data showed April retail sales rose 0.9% month-on-month, hitting another record level. The biggest increase in spending in last month was on food retailing, up 1.9%, followed by cafes, restaurants, and takeaway food services.
PointsBet Holdings Limited (ASX: PBH) and Tabcorp Holdings Limited (ASX: TAH) were the top gainers with 16.400% and 4.663% growth in share prices, respectively. On the other hand, Appen Limited (ASX: APX) and CSR Limited (ASX: CSR) were the top losers, with a 20.919% and 4.694% drop in share prices, respectively.
The energy sector rose 2.26% as the big players such as Paladin Energy and Woodside energy gained 4.195% and 3.436% in their stock prices, respectively.
Appen Limited share price fell 20.919% following Canadian IT Services Company Telus International abruptly pulled its $1.2 billion takeover offer.
Brent Crude rises to $113.82 per barrel as US crude and gasoline stockpiles showed signs of declining ahead of the summer driving season. The European Commission this month proposed new sanctions against Russia for invading Ukraine.
Dow has closed up by 1.6%, S&P 500 up by 2.0%, and NASDAQ closed higher by 2.7%.
Hang Seng is up by 2.12%, and FTSE 100 is up by 0.56%.
Top 5 Gainers and Losers Scoreboard:
90 Day Average Volume Outlier:
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Maven Capital Pty Ltd (AFSL No. 418504). The information contained in this article is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
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ASX 200 Closed Higher By 1.08%; Buoyed By Energy And Consumer Discretionary
By the end of the trading session on 27 May 2022, the benchmark index S&P/ASX 200 ended higher by 1.08% and settled at 7182.70. 10 out of 11 sectors closed higher along with the ASX 200. The Energy and Consumer Discretionary sectors were the top 2 gaining sectors, gained 2.26% and 2.04% in their index value. On the other hand, the Consumer Staples was the only losing sectors, declined 0.020% in its index value.
S&P/ASX 200 was mainly lifted by the Energy and Consumer Discretionary sectors. The consumer Discretionary sector jumped 2.04% after the Australian Bureau of Statistics data showed April retail sales rose 0.9% month-on-month, hitting another record level. The biggest increase in spending in last month was on food retailing, up 1.9%, followed by cafes, restaurants, and takeaway food services.
PointsBet Holdings Limited (ASX: PBH) and Tabcorp Holdings Limited (ASX: TAH) were the top gainers with 16.400% and 4.663% growth in share prices, respectively. On the other hand, Appen Limited (ASX: APX) and CSR Limited (ASX: CSR) were the top losers, with a 20.919% and 4.694% drop in share prices, respectively.
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Top Performers for the day:
Top Loser for the day:
Other Factors influencing the market:
Top 5 Gainers and Losers Scoreboard:
90 Day Average Volume Outlier:
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Maven Capital Pty Ltd (AFSL No. 418504). The information contained in this article is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Suite 1A, Level 2, 802-808 Pacific Highway, Gordon NSW 2072, Australia | 1800 005 780 | info@kapitales.com.au